Blackrock says October’s rally may have been premature, and that any gains may give way as negative news awaiting investors at the end of the year comes to the fore. BlackRock Chief Investment Strategist Wei […]
BlackRock’s focus on the latest Wall Street craze—environmental, social, and governance (ESG) investing—has turned into a risky affair for the world’s largest asset manager, a UBS analyst recently said. Brennan Hawken, an analyst at the […]
LONDON, Oct 18 (Reuters) – BlackRock (BLK.N), the world’s biggest asset manager, told a British parliamentary committee that it will not stop investing in coal, oil and gas, and that its role was not to […]
BlackRock was downgraded by UBS analyst Brennan Hawken last week over the asset management company’s adherence to the environmental, social, and governance movement, also known as ESG. As several conservative state officials continue to pull hundreds of […]
BlackRock (NYSE:BLK) stock climbed 3.8% in Monday afternoon trading as the asset manager was said to have formed a unit to make investments in opportunities tied to the global transition to a low-carbon economy. The […]
Multiple U.S. states governed by Republicans are withdrawing state funds from BlackRock’s management, as they disapprove of the ESG investment policies of the world’s top asset manager, the Financial Times reports. In recent weeks, Louisiana, South […]
Louisiana has informed BlackRock that the state will be liquidating all investments in the corporation, blaming it for the promotion of politically driven green energy—under environmental, social and governance (ESG) standards—over fossil fuels critical to the state’s […]
ENB Pub Note: In the form below, what are your thoughts on ESG Investing? Mark Brnovich A major Republican backlash is underway in at least 24 U.S. states against public pension fund managers making investment […]
Texas has blacklisted BlackRock Inc., BNP Paribas, UBS Group AG and other financial companies for allegedly boycotting the fossil-fuel industry, a move that could lead state pensions and other public entities to sell their shareholdings in those companies. Texas Comptroller […]
Texas Comptroller Glenn Hegar on Wednesday included BlackRock on a list of 10 financial companies he has determined “boycott energy companies,” said a news release on his website. Mr. Hegar is charged with implementing a 2021 state law that […]
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